Back to legislation
Resolution#230580Passed
In plain English
This resolution approves changes to the financial agreements related to the purchase of the Balboa Reservoir, specifically a promissory note and a deed of trust. It allows for the adjustment of terms to facilitate the payment of the $11.4 million purchase price.
Resolution approving the terms and conditions of the First Amendment to the Secured Carry-Back Promissory Note and the First Amendment to the Deed of Trust securing payment of the Balboa Reservoir purchase price of $11,400,000.
How it got here
Related / predecessor legislation
↑ predecessor#200740— not yet in database
Document trail
PDF ↗
PDF ↗
DRAFT Deed to Trust Amend No. 1
PDF ↗Amendment
PUC Reso No. 20-0135 062320
PDF ↗Resolution
PUC Reso No. 23-0099 050923
PDF ↗Resolution
BOS Reso No. 373-20 082120
PDF ↗Resolution
PDF ↗
PDF ↗
PDF ↗
PDF ↗
PDF ↗
How they voted
ADOPTED
Board of Supervisors · Jun 27, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee · Jun 9, 2023Pass
2-0
Legislative journey
PresidentMay 16, 2023
→RECEIVED AND ASSIGNED
Budget and Finance CommitteeJun 9, 2023
✓RECOMMENDEDPass
Board of SupervisorsJun 27, 2023
✓ADOPTEDPass
MayorJun 29, 2023
✓APPROVED